Chinese tourism sector recorded significant growth during the review period (2007−2012), stimulated by the government’s US$3.7 billion investment in the development of the sector
Dallas, Texas (PRWEB) December 24, 2012
In 2008 and 2009, inbound tourism to China declined despite the country hosting the 2008 Beijing Olympics Games. This was primarily due to the global financial crisis which caused rising unemployment rates and a decrease in the disposable income levels of many developed populations. Despite the decline in inbound tourism during 2008−2009, the Chinese tourism sector recorded significant growth during the review period (2007−2012), stimulated by the government’s US$3.7 billion investment in the development of the sector. During the review period, the country also hosted the 2010 Asian Games and the Shanghai Expo, which provided further support for the sector.
Domestic and outbound tourism benefited from the country’s strong economic growth, as a result of higher levels of disposable income and increased expenditure on leisure and business tourism. Easy access to capital, which funded tourism-related expenditure, was a key driver and increased the spending power of domestic tourists during the review period. This is expected to stimulate growth over the forecast period (2012−2016). With a stable economic outlook, the country is anticipated to record an increase in both tourist volume and expenditure over the forecast period.
This report (http://www.reportsnreports.com/reports/210998-the-future-of-travel-and-tourism-in-china-to-2016.html) provides an extensive analysis related to the tourism demands and flows in China: it details historical values for Chinese tourism sector for 2007–2011, along with forecast figures for 2012–2016; provides comprehensive analysis of the travel and tourism demand factors with values for both the 2007–2011 review period and the 2012–2016 forecast period; makes a detailed analysis and projection of domestic, inbound and outbound tourist flows in China; provides employment and salary trends for various categories of the travel and tourism sector; provides comprehensive analysis of the airline and car rental markets and hospitality and travel intermediaries industries with values for both the 2007–2011 review period and the 2012–2016 forecast period.
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The Shanghai local authorities, partnering with hotels and travel agencies, are focused on the establishment of Shanghai as an international tourism and MICE destination. In the short term the city has to contend with oversupply and a drop in demand following the Shanghai Expo. However, with continued investment in infrastructure and more open national and international policies, tourism in Shanghai is expected to gain momentum.
“City Travel Briefing : Shanghai” report offers a comprehensive guide to this dynamic city destination. It reviews inbound, domestic and outbound tourism flows along with the main categories of travel accommodation, transportation and tourist attractions. It identifies the major trends and operators shaping the local market and offers strategic analysis of key factors influencing demand, including disposable income and connectivity.
Product coverage includes: car rental, demand factors, health and wellness tourism, tourism flows domestic, tourism flows inbound, tourism flows outbound, tourism receipts and expenditure, tourist attractions, transportation, travel accommodation, travel retail.
Data coverage includes: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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